February 14, 2024 20:06 GMT
MNI BRIEF: BOC Reiterates Debate Shifts To Length Of Rate Hold
(MNI) OTTAWA
Bank of CanadaPolicy NewsCentral Bank NewsHomepageCanada Bank of Canada Market NewsBriefStoryRegionNorth America
Bank of Canada Deputy Governor Rhys Mendes reiterated Wednesday that official debate is shifting to how long to hold interest rates as inflation slows.
“The job isn’t done. Inflation is still too high and underlying inflation pressures are still too broad,” he said in opening remarks for a panel talk at Wilfrid Laurier University. (See: MNI INTERVIEW: BOC Stays Restrictive Through 2024- Ex Adviser)
64 words